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20121205
20121213
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CNBC
Dec 7, 2012 7:00pm EST
to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks very much. >>> now let's talk about the cuts plan for the federal workforce. with the countdown to the fiscal cliff at 24 days, the "washington post" reporting today that federal agencies are sharpening their plans before spending cuts, layoffs, fur lows a
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